General Discussion AGY, page-22530

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14/05/24

18:06

Post #: 73821375
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Originally posted by Sdaji: ↑

Those highly eager to sell have already found their exits, no doubt some are still staring at the door but they want a higher price. While there is some support at 12c, there is clearly no rush to buy at this point, no demand at this price.

The market waits for something to happen. As we all know, AGY isn't great at making anything develop quickly, but continued cash burn is inevitable.

Blind Freddy knows the next piece of news isn't going to be some amazing funding deal involving Tesla or BYD throwing huge money at them in advance in the hopes of future product delivery with no dilution.

The true believers expecting imminent production ramp up and willing to buy before the news are out of powder.

The other big news we could see at any time is the CR trading halt.

The price will presumably gradually drift slower until the next big announcement, which will probably be the CR, which will crash the price. Unless the CR comes very soon, I'm guessing JZ will put out another nothing burger hype announcement about the new cloths being installed or the cooling system functioning normally or the bakery trialling blueberry jam which should facilitate ramp up, with the usual bulk of it being cut and pasted,which the market may or may not see through, before the CR trading halt. It may even say continuous production has started (which would be nothing new since they ran continuous production trials multiple seasons of Hot Copper's gcar vs Rob ago with those trials producing enough to be worth putting into storage to collect dust, but hey, I'm sure plenty of people will dance and shout if they announce they're "starting continuous production", no need for volumes or production rates to come before the celebrations.

The cheer squad no doubt watches with desperate hopes of production ramp up coming before the CR trading halt, which at this stage will be necessary either way, but definitely would happen at a better price than if ramp up doesn't come until later, which I have high confidence will be the case.

It remains an interesting show to watch. From the sidelines.

Expand

what makes you think:

1. we're out of powder?

2. tesla or byd won't want BG LIT?

3. increased production over coming months won't happen?

4. our investments won't shine in 3 years?

5. we're not topping up?

6. we like you watching us from the side lines? (stalker)

AGY Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $59.69M

Open	High	Low	Value	Volume
4.5¢	4.5¢	3.9¢	$493.4K	11.97M

Buyers (Bids)

No.	Vol.	Price($)
7	243346	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	107074	1

View Market Depth

No.	Vol.	Price($)
7	243346	0.039
10	689216	0.038
5	240378	0.037
6	1139971	0.036
18	812840	0.035

Price($)	Vol.	No.
0.041	107074	1
0.042	775543	4
0.043	1594170	5
0.044	1161341	5
0.045	403916	5

Last trade - 16.10pm 30/07/2024 (20 minute delay)

AGY (ASX) Chart

General Discussion AGY, page-22530

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Air New Zealand ditches 2030 emissions targets – right as ASIC's Scope 3 reporting changes kick in for FY25

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General Discussion AGY, page-22530

Top Stories

Mineral Hill transition kicks off for Kingston, gold and silver ramp up to follow

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Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus

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Featured News

Buyers (Bids)

Sellers (Offers)

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